Currency & FX

Your suppliers quote costs in their own currencies, and each of your stores sells in one currency of its own. Malovex bridges the two: it converts every supplier cost into a store’s currency using the platform’s exchange rates, before it applies any price rules.

You choose each store’s currency when you set the store up; the conversion then happens automatically. The exchange rates themselves are maintained centrally by Malovex — you don’t add or edit them.

When conversion happens

Currency conversion is step 3 of the pricing pipeline — it runs on the base cost before your rules. That ordering matters: a “20% markup” rule always adds 20% in your store currency, whatever currency the supplier quoted.

If a supplier’s cost is already in the store currency, no conversion happens and the cost is used as-is.

How rates work

Rates are quoted against the euro, which is the platform’s reference currency (base). For each currency, the rate records how many units of that currency equal 1 EUR — for example, if 1 EUR = 4.30 PLN, the PLN rate is 4.30.

The euro is always present as the base and is fixed at 1.0.
To convert between two non-euro currencies, Malovex routes through the euro automatically.

Malovex maintains these rates for you across the platform. When a rate changes, the prices that depend on it are recalculated automatically, so your stores follow along without any action on your part.

Seeing which rate was applied

You can see the exact rate that was applied to any individual price in the price explanation on a product’s page in My Products.